Is there a limit on maximum number of foreign securities to be held by an Indian Resident?

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Is there a limit on maximum number of foreign securities to be held by an Indian Resident?

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Is there a limit on maximum number of foreign securities to be held by an Indian Resident?

There is no maximum limit on the number of foreign securities that can be held by an Indian resident. However, under the LRS (‘Liberalized Remittance Scheme) an amount up to USD 2,50,000 per resident individual can only be remitted outside India in one financial year (April – March).

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